Reddit's IPO anticipated to be at top of target range

Reddit is set to go public with an IPO priced at $34 per share, valuing the company at $6.5 billion. While the platform is well-known, its users are skeptical about the IPO, with many expecting the stock to plummet. Concerns stem from recent changes by CEO Steve Hoffman, including charging developers for API usage, which has upset the community. These changes aim to increase revenue for the IPO, but have led to backlash from users and developers.

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